The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
For years, Lovells’ US practice has been characterised by its low-key, softly-softly strategy.
That might all be about to change, and pretty dramatically too.
The firm is in merger talks with Hogan & Hartson, a $922.5m firm (see story). A deal would catapult Lovells into the top 10 of the world’s largest law firms.
Washington DC-based Hogan, known particularly for regulatory, IP and antitrust work, was one of the few US firms to post an increase in revenue last year.
Lovells also posted an increase in revenue last year, although firmwide managing partner David Harris said at the time that, had the impact of currency fluctuations been stripped out of the results, turnover would have grown by between 1 and 2 per cent rather than 11 per cent (see story).
Nevertheless, both firms’ relatively healthy financials suggest that this would not be primarily a defensive merger but one genuinely aimed at significantly extending the services both firms provide to clients.